Tag: jobs

U.S. Labor Market Resurgent in June; Construction Adds 16,000 Jobs

ABCIncLogoNational construction employment added 16,000 net new jobs on a seasonally adjusted basis in June, according to an analysis of data from the U.S. Bureau of Labor Statistics by Associated Builders and Contractors (ABC). Overall construction employment expanded 3.1 percent on a year-over-year basis, easily outpacing the year-over-year growth rate of 1.6 percent for all nonfarm industries.

The nonresidential construction sector added 10,300 net new jobs in June after addingconstruction-workers 4,900 in May (revised upward from 4,400 jobs), while the residential sector added 6,000 net jobs for the month.

The construction industry unemployment rate, which fell 1 percentage point in May, declined further in June and now stands at just 4.5 percent. Construction unemployment tends to decline in the summer. However, the decline in unemployment is still significant because industry unemployment now stands near lows achieved in 2006.

Continue reading “U.S. Labor Market Resurgent in June; Construction Adds 16,000 Jobs”

Nearly 200,000 Construction Jobs Added Since May 2016, ABC Says

Construction Unemployment Rates Improve in 24 States

Image result for association of builders and contractorsWASHINGTON, June 28 – In May, not seasonally adjusted (NSA) construction unemployment rates were down in 24 states on a year-over-year basis, according to analysis released today by Associated Builders and Contractors (ABC). At the same time, the construction industry employed 192,000 more workers than in May 2016, according to data from the U.S. Bureau of Labor Statistics (BLS), and the national NSA construction unemployment rate was 5.3 percent, up 0.1 percent from a year ago.

ECONOMIC REPORT - CONSTRUCTION ESTIMATED UNEMPLOYMENT RATE APRIL 2017

Continue reading “Nearly 200,000 Construction Jobs Added Since May 2016, ABC Says”

Dodge Momentum Index Falls 5% After 6 Straight Months of Gaining

The Dodge Momentum Index ended a six-month streak of gains in April, falling 5.1% to overview-safety133.8 from a downward-revised revised March reading of 140.9, according to Dodge Data & Analytics.

The institutional sector, the driver of previous gains in the index, dropped 12%, while the commercial segment remained almost flat at 0.1%.

Even with this reported setback in momentum, since early 2016, the index has gained more than 20% through the end of March 2017 — Continue reading “Dodge Momentum Index Falls 5% After 6 Straight Months of Gaining”

Economic Update: Strong Job Growth Driven By Construction Industry 

Businesses added 298,000 jobs in February, continuing a second month of solid job growth, according to the ADP National Employment Report. The growth was driven by intensive hiring in construction and manufacturing.

The US Bureau of Labor Statistics reported Continue reading “Economic Update: Strong Job Growth Driven By Construction Industry “